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Cable Update (GBPUSD)

  • #803,881
  • Jan 19, 2024 3:27am Jan 19, 2024 3:27am
lets repeat again short 2687 now with sl 2715
if hit im done today
  • #803,882
  • Jan 19, 2024 3:28am Jan 19, 2024 3:28am
Quoting voeltoez
lets repeat again short 2687 now with sl 2715 if hit im done today
i am long need only 10 pips .. let it go there first
Extreme gut feeling trader
  • #803,883
  • Edited 3:53am Jan 19, 2024 3:32am | Edited 3:53am
... 2 x upside fibs and a prev 1hr/minor 4hr sw lo zone = prev supp = pot sbr @ the current dly hi. (one of these above it too.) 4hr remains rangy still overall, between 2828 and 2596. Asian hi and lo are presently the current dly hi and lo.

4hr below
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Trader with an Edge.
  • #803,884
  • Jan 19, 2024 3:33am Jan 19, 2024 3:33am
Okay...the account expires today...I'm done!
Even though I failed but this is the best results I've had on any propfirm ever! Moving onto the next ...me give up? Never
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  • #803,885
  • Jan 19, 2024 3:33am Jan 19, 2024 3:33am
Quoting montygoldy
{quote} Need a bit of retracement before i buy gold again… chances its fryday can get big moves up down
No resistance is formed!
My telegram: https://t.me/avidforex
  • #803,886
  • Jan 19, 2024 3:35am Jan 19, 2024 3:35am
Quoting BigNumbers
{quote} No resistance is formed!
buy limit set at 2027 for 2040
Extreme gut feeling trader
  • #803,887
  • Jan 19, 2024 3:43am Jan 19, 2024 3:43am
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yes yes yes
  • #803,888
  • Jan 19, 2024 3:43am Jan 19, 2024 3:43am
Quoting Pat Chiko
{quote} Headland Sir, I appreciate your intriguing question! With my limited current English vocabulary, I will try to answer it as best I could. Q : How much does a bearish candle closing (meaning its final price) on a higher timeframe (like 4 hours) affect your decision to enter a long trade (buying) on a lower timeframe (like 1 hour)? Q : In your example where you bought (went long) based on a 1-hour order block at the Asian session low (opening price), did the bearish hammer candle on the 4-hour chart make you hesitant to enter the trade?...

Hi Pat, Thanks so much for your great reply. Sorry for my delay in replying, I had finished my own trading session y/day when your reply was posted. I understand your thoughts. For me, as I posted - the opposing next higher t/f (s) candle doesn't bother me either - too much anyways, because I am generally aiming for a lower target on a 5min or less trigger entry, and as this example saw there was an up move inside that bearish 4hr hammer before a follow-thru move to the downside of it's close/lo. I am however generally aware of it and always think I am trading against it's shadow as it were, so there is always the potential for a follow-thru move of it. Actually and maybe counter-intuitively, the bigger the opposing next higher t/f (s) candle the better for me in this regard because in a way there is more room within it for such (at least) a pullback against it.
Trader with an Edge.
  • #803,889
  • Jan 19, 2024 3:45am Jan 19, 2024 3:45am
Kaboom
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yes yes yes
  • #803,890
  • Jan 19, 2024 3:50am Jan 19, 2024 3:50am
Quoting Moty
Kaboom {image}
Hi. Lol. It was worth an entry @ the 50% of the fall on the 5min bearish hidden div, but entering a 30min rangy-bearish thing after the p/back really - ie no established downtrend on at least that next higher t/f, in the t/f combo. Straight into pot supp now on 1hr.

5min/1hr below
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Trader with an Edge.
  • #803,891
  • Jan 19, 2024 3:53am Jan 19, 2024 3:53am
Quoting montygoldy
{quote} i am long need only 10 pips .. let it go there first
maybe wait next 4h candle
  • #803,892
  • Jan 19, 2024 4:11am Jan 19, 2024 4:11am
This my 3rd year in Forex, the only thing I’ll change if I was to start all over again, is NEVER TO GET CLOSE TO ANY INDICATOR! I will not even download one!
I wasted 2 years studying over 1000 indicators.

Just keep looking at the candles, keeping watching the candles, never stop watching the candles. You must discover something that suit your style.
The candle is the most powerful tool in Forex, from the candle formation you can easily tell that an event took place, then study the scenarios behind the spike during the event (news).

If you’re profitable with indicators, you better be thankful!
My telegram: https://t.me/avidforex
  • #803,893
  • Jan 19, 2024 4:16am Jan 19, 2024 4:16am
Quoting BigNumbers
This my 3rd year in Forex, the only thing I’ll change if I was to start all over again, is NEVER TO GET CLOSE TO ANY INDICATOR! I will not even download one! I wasted 2 years studying over 1000 indicators. Just keep looking at the candles, keeping watching the candles, never stop watching the candles. You must discover something that suit your style. The candle is the most powerful tool in Forex, from the candle formation you can easily tell that an event took place, then study the scenarios behind the spike during the event (news). If you’re profitable...

Honestly.

Sometimes I wish I never saw or came across indicators along this journey . Especially that oversold or overnight rsi shit
#Stay blue. /swinger/scalper/
  • #803,894
  • Jan 19, 2024 4:17am Jan 19, 2024 4:17am
GU exit long!
reason H4 resistance formed
My telegram: https://t.me/avidforex
  • #803,895
  • Jan 19, 2024 4:18am Jan 19, 2024 4:18am
... meanwhile on my live account, I made much progress too.
I'm out! See ya next week and Good luck!
  • #803,896
  • Jan 19, 2024 4:19am Jan 19, 2024 4:19am
...price remains within the Asian hi and lo - the current dly hi and lo's, presently. A prev 30min minor sw hi zone now @ the current p/back hi off that lo.

1hr then 5min below
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Trader with an Edge.
  • #803,897
  • Jan 19, 2024 4:26am Jan 19, 2024 4:26am
GU short!
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  • #803,898
  • Jan 19, 2024 4:36am Jan 19, 2024 4:36am
Quoting voeltoez
{quote} maybe wait next 4h candle
7pips loss taken… will buy around 1.26200-300 if it gets there otherwise sidelines being cautious of friday dont want to give back the profits
Extreme gut feeling trader
  • #803,899
  • Jan 19, 2024 4:36am Jan 19, 2024 4:36am
Indicator is just a tool.
Use it only if it can benefit you. Leave it if you don't know how to use it optimally.
Intraday Trading is an Art _ hoda
  • #803,900
  • Jan 19, 2024 4:38am Jan 19, 2024 4:38am
...and again lol

5min then 1hr below
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Trader with an Edge.
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